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Overbought-Oversold Intraday Tradins Strategy |
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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Post: #106  Posted: Mon Nov 07, 2011 5:52 pm Post subject: |
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| rk_a2003 wrote: | "I have allowed the trades to run to next day which i feel is improper since by next day new value of DV has come into market and should form its effect. Pls advise if trades to be completed intraday only.I'll continue backtest based on fresh inputs."
You are right vinst . Let us stick to Intraday for intial backtest; carrying forward may not be right as per original strategy.
If possible you may test it for two situations.
1.With a stop loss of 50 points and a target of 30-35 points.
2.As per your proposal....... with a dyanmic SL(based on volatality) which comes around 30-35 points.
However, I expect ANS response in this regard.
RK |
test in Jan'11 with 50 pt SL and 35 pt at profit booking tgt.
Net for Jan 2011 is -20 points (brokerage not accounted for).
Feb'11 results given in the picture below:
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #107 Posted: Mon Nov 07, 2011 6:36 pm Post subject: |
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Oct'11 results given in the picture below: profit 150 pts
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526 Time(s) |
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ANS_KOL
White Belt
Joined: 16 Jul 2011
Posts: 84
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| Post: #108 Posted: Mon Nov 07, 2011 9:39 pm Post subject: |
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Good job Vinst, you are outstanding! but kindly give me some time so that I can give you some more criteria to backtest which will increase the profitability , infact I am almost through. get back to you soon.
Trade for 8/11/tue-
sell @ 5393.95 (5390-5395) stoploss @ 5444
buy @ 5239.75 (5235-5240) stoploss @ 5189.
good night friends. 
Wish all a day of profit ahead.
ANS.
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #109 Posted: Mon Nov 07, 2011 11:10 pm Post subject: |
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| rather than profitability, i am more concerned with large number of days when no trade occurs. this implies that DV needs to be scaled better for trades to occur.
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ANS_KOL
White Belt
Joined: 16 Jul 2011
Posts: 84
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| Post: #110 Posted: Tue Nov 08, 2011 7:28 pm Post subject: |
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| vinst wrote: | | rather than profitability, i am more concerned with large number of days when no trade occurs. this implies that DV needs to be scaled better for trades to occur. |
Dear VINST,
I am also concerned about the less number of trade made by this strategy.But then , though I am not in this trade for many days, still I found it s better to sit by the sideline rather than getting whipsawed or to make your broker, and only your broker rich.For me, patience is the name of the game.
Dear Vinst,If your time permits, can you please backtest the sep, 11 data by this strategy, we all will be grateful.
anyhow, it is evident that no trade triggered today.
trade for tomorrow-
sell@ 5389.95( 5385-5390) stoploss 5439
buy @ 5241.15( 5240-5245) stoploss 5191.
thanks and regards
ANS.
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #111 Posted: Tue Nov 08, 2011 9:52 pm Post subject: |
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hi ans
i am in total agreement with u.less no. nd more profitable trades is the biggest virtue of the rare breed of successful traders!
while majority of traders suffer from this addiction of giving away too much by way of brokerages nd losses nd little gains due to too many unnecessary trades!
btw if we use the ob nd os levels to make entries as per the short term trend by following for example 12 ema closing i think profitabilty will be much higher. my opinion only!
regs
ridinghood
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #112 Posted: Tue Nov 08, 2011 11:06 pm Post subject: |
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| ANS_KOL wrote: | | vinst wrote: | | rather than profitability, i am more concerned with large number of days when no trade occurs. this implies that DV needs to be scaled better for trades to occur. |
Dear VINST,
I am also concerned about the less number of trade made by this strategy.But then , though I am not in this trade for many days, still I found it s better to sit by the sideline rather than getting whipsawed or to make your broker, and only your broker rich.For me, patience is the name of the game.
Dear Vinst,If your time permits, can you please backtest the sep, 11 data by this strategy, we all will be grateful.
anyhow, it is evident that no trade triggered today.
trade for tomorrow-
sell@ 5389.95( 5385-5390) stoploss 5439
buy @ 5241.15( 5240-5245) stoploss 5191.
thanks and regards
ANS. |
test results for Sept-2011, profit 65 points per lot (cost not accounted for). 15 trades
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537 Time(s) |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #113 Posted: Wed Nov 09, 2011 3:12 pm Post subject: |
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| Trade triggered at 5240 in the last 30 minutes.Time is less Chances of meeting the target for today is very less.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #114 Posted: Wed Nov 09, 2011 3:19 pm Post subject: |
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| RK, why not carry it?
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #115 Posted: Wed Nov 09, 2011 3:28 pm Post subject: |
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Yes! one can .....depends on risk taking ability.
| vinay28 wrote: | | RK, why not carry it? |
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amitkbaid1008
Yellow Belt
Joined: 04 Mar 2009
Posts: 540
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| Post: #116 Posted: Wed Nov 09, 2011 9:47 pm Post subject: |
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| vinst wrote: | | ANS_KOL wrote: | | vinst wrote: | | rather than profitability, i am more concerned with large number of days when no trade occurs. this implies that DV needs to be scaled better for trades to occur. |
Dear VINST,
I am also concerned about the less number of trade made by this strategy.But then , though I am not in this trade for many days, still I found it s better to sit by the sideline rather than getting whipsawed or to make your broker, and only your broker rich.For me, patience is the name of the game.
Dear Vinst,If your time permits, can you please backtest the sep, 11 data by this strategy, we all will be grateful.
anyhow, it is evident that no trade triggered today.
trade for tomorrow-
sell@ 5389.95( 5385-5390) stoploss 5439
buy @ 5241.15( 5240-5245) stoploss 5191.
thanks and regards
ANS. |
test results for Sept-2011, profit 65 points per lot (cost not accounted for). 15 trades |
65 points per lot per month in NIFTY is just tooooooooooooooo much
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ANS_KOL
White Belt
Joined: 16 Jul 2011
Posts: 84
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| Post: #117 Posted: Wed Nov 09, 2011 10:13 pm Post subject: |
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No trade triggered for today.
As we are working with other possibilities one may think of holding it for the day, but that is not the strategy, we should not take a trade after 3pm if we are intraday traders.
anyhow, trade for next day-
sell @ 5310.95( 5310-5315) stoploss 5361
buy @ 5163.25( 5160-5165) stoploss 5113
ANS.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #118 Posted: Thu Nov 10, 2011 12:22 pm Post subject: |
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| ANS, what if nifty opens much below 5163?
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #119 Posted: Thu Nov 10, 2011 5:17 pm Post subject: |
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| Vinay28, in that case, then dont buy, as per the strategy.
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #120 Posted: Fri Nov 11, 2011 1:19 pm Post subject: |
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| ANS_KOL wrote: | No trade triggered for today.
As we are working with other possibilities one may think of holding it for the day, but that is not the strategy, we should not take a trade after 3pm if we are intraday traders.
anyhow, trade for next day-
sell @ 5310.95( 5310-5315) stoploss 5361
buy @ 5163.25( 5160-5165) stoploss 5113
ANS. |
paper trade: bot
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